After earlier reports of a sale proved to be untrue, rumours circulated that Honda’s Formula One team was being eyed off by David Richards of Prodrive, Greek shipping tycoon Achilleas Kallakis and Force India boss Vijay Mallya.

However, Honda has officially announced that it’s F1 team has finally been sold, and the buyer is… none of [...]

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Earlier reports that Honda’s ailing F1 team had been bought out by Mexican Billionaire Carlos Helu have been quashed by a source inside the businessman’s industrial and financial empire.

Who will save Honda has been a hotly discussed topic and rumours have been flying thick and fast. While the circus might be amusing for spectators, Honda [...]

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They say money can’t buy you love, but the right amount will at least get you an F1 team of your own. Italian news website La Stampa is reporting that Honda’s F1 team has been bought out by Mexican telecom billionaire Carlos Slim Helu.

La Stampa reports that Helu paid Honda’s asking price, beating out Prodrive’s [...]

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With Honda having called it a day on its Formula 1 program, speculation has been rife as to who would step in to take on the cash-strapped outfit.

Prodrive chief David Richards has confirmed that he is contemplating a buy-out which would see him return as Team Principle - Richards manned the helm back in [...]

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Honda CEO and President Takeo Fukui has officially confirmed that Honda will withdraw from Formula 1 racing effective immediately. Due to the current financial pressures facing all automotive manufacturers, Honda included, there will not a be Honda factory team on the starting grid for the ‘09 season.

It’s an unfortunate but entirely understandable decision considering the [...]

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